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This Zscaler "Buy the Dip" Signal is Rarely Wrong
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Zscaler Inc (NASDAQ:ZS) stock has pulled back sharply from its three-year high, now trading at $241.86. The stock is testing a historically bullish trendline, suggesting a potential buying opportunity. Historically, this signal has led to a 10.5% gain within a month 75% of the time. The stock's 14-day RSI indicates it is oversold, often preceding a short-term bounce. Options traders' pessimism is unwinding, and options are currently affordable due to low volatility expectations.
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